Vatche Manoukian told to increase Everton takeover bid as £800m claim emerges
Bryan King claims any new Everton owners would need to be prepared to invest as much as £800million to get the club back on track.
The ex-Goodison scout believes the Toffees are crying out for stability.
According to The Telegraph (10 June), the club is worth in excess of £400million. However, a takeover is complicated by club debt toward their new stadium.
A consortium of Middle Eastern, Australian and US investors led by London-based Armenian Vatche Manoukian have tabled a £400million all-equity takeover bid.
They aim to help deleverage the indebted club.
But King – speaking exclusively to Goodison News – feels it will cost a lot more than that in the long term to clear up the mess at Everton.
“Any new investors need to help clear the club’s debt,” King said.
“Everton need some stability. I can’t imagine that £400million would help clear everything up. I think we need to be talking about a figure of up to £800million.
“There are the loans and stadium to pay off. I think the figures being quoted are less than the figure needed to get Everton back on track.”
Everton could prove costly for whoever completes a takeover at Goodison Park
Whoever decides to take on an Everton takeover is taking on an enormous task.
Farhad Moshiri’s time in charge has seen the Toffees spiral and become something of a financial mess.
If anything, completing a takeover is likely to be the easy bit. What comes next will be the difficult bit.
As a result, whoever completes a takeover at Goodison Park will need to make sure they’re ready for the task at hand.
In other Everton news, a big-name manager could be appointed if Vatche Manoukian completes a takeover.
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